Bitcoin could be heading towards $ 300k 😊

​​📈Market Overview

The price of Bitcoin reached over $51,000 on March 7 after the U.S. Senate passed the anticipated $1.9-trillion stimulus bill, which is roughly two times larger than the market capitalization of BTC.

The entire Top 10 is traded in the green zone. The growth leaders were Uniswap +12.2%, Binance Coin +5.8% and Ethereum +5.4%.

Market capitalization: $1.64T (+4.08%)
The BTC dominance: 57.69% (-1.25%)
Fear & Greed Index: 81 (Extreme Greed)

​​Binance will list Mantra DAO (OM) on March 8. OM/BTC, OM/BUSD and OM/USDT trading pairs will go live at 9:00 AM (UTC).

​​Crypto News Weekly Recap #38 📣

#1 The Senate passed a $1.9 trillion coronavirus relief package — link

#2 Retail Goliath Rakuten now allows users to pay with BTC,ETH & BCH — link

#3 PayPal to buy crypto custody firm Curv — link

#4 Ethereum now available on Amazon Managed Blockchain — link

#5 Cboe files to list VanEck's bitcoin ETF — link

#6 Ethereum’s EIP 1559 fee market overhaul greenlit for July — link

#7 Goldman Sachs restarts cryptocurrency desk — link

#8 UNI surges 50% in one week, becomes first DeFi DApp token in crypto’s top 10 — link

​​OKEx will list Velo (VELO) on March 8th. VELO/USDT trading pair will go live at 09:00 am UTC on March 8.

​​BitMax will list Connect Financial (CNFI) on March 8. CNFI/USDT trading pair will go live at 9:00 a.m. EST on March 8.

​​🍁 #BTC The absorption of 50k has occurred. The breakthrough of the neck level at 52k is left.

For now the price is being traded above the important support of $49450, the absorption of which, with it being traded downwards, might cause the inverse H&S to break and also might bring the continuation of the flat or even cause the price to go down.

​​Some of the upcoming token generation events you should know about.

​​Playcent partners with iMe to gain additional utility for both tokens. Messenger platform iMe will integrate PCNT while Playcent will enable LIME as currency in its gaming and dApp platform.

​​Kine Protocol has opened its staking and trading functions for public tests. Earlier Kine Protocol has raised $7M in a funding round to launch a derivatives-focused decentralized exchange on Ethereum.

​​Ankr launches Binance Smart Chain Validator. Users can stake BNB with 0% commission and get 100% of the rewards. Ankr aims to become one of the 21 validators on Binance Smart Chain and tries to reach 100k BNB goal required to become elected.

#Breaking: Norwegian Giant Aker ASA Floats New Firm to Invest in Bitcoin; Buys 1,170 Bitcoin Worth $58 Million

https://bit.ly/3qsNycc

For More Updates: https://twitter.com/CoinGapeMedia

Coingape

​​#Bitcoin Balance on Exchanges taking another dive📉

​​📉 Daily Bitcoin chart review 📈

Yesterday resistance at 52k stopped BTC from breaking out again. The more times tested the weaker it becomes. At the same time momentum on daily is turning bearish which means that today and probably tomorrow BTC won't be going up for 4th re-test. Dollar Index continue growing so stocks pulling back and Bitcoin will surely follow. Not clear how DXY grow together with 1.9 billion stimulus bill approved, but from TA point of view it was predictable and may stay that way for 1-2 weeks at least.

🟥 50000 - 51500 - 52134
🟩 48655 - 47250 - 45000

Momentum analysis at daily:
07: AO ⬆️🔻 AC 🔻🔻
06: AO ⬆️🔻 AC ⬆️🔻
05: AO ⬆️⬆️ AC ⬆️⬆️

😱 Fear & Greed index: 81 (<= 76 <= 77)

​​📉 Daily Ethereum chart review 📈

Ethereum pulled back and bounced from 32395 - missed first buy zone by just a little. Next impulse took it higher which keep this chart bullish. And that goes in contradiction with my BTC dominance and BTC review 🤨 As long as ETH stay bullish alts should feel good as well, but keep in mind that 345 is extra strong resistance, so pullback to ~328 is absolutely realistic and normal.

​​PayPal buys digital asset security startup Curv. It will be the first acquisition in the cryptocurrency and digital asset space. According to the blog post Curv will help to accelerate and expand its initiatives to support cryptocurrencies and digital assets.

​​DAOventures launches Uniswap liquidity mining program. $28k worth of DVG tokens will be distributed as rewards and payments will be made daily. Users that provide liquidity to Uniswap DVG/ETH pair will earn 15,217 DVG tokens in rewards over a 14 days.

​​Saffron Finance has closed private sale round. Dragonfly Capital, Multicoin Capital, Coinbase Ventures and DeFi Holdings are among investors.
Saffron Finance is asset collateralization and customized risk protocol for DeFi. The funds purchased the tokens directly from the treasury.

​​Boson Protocol public sale pre-registration is live as of today. According to the project’s website the startup will offer 3% of total supply in public sale round with a starting price at $0.75 with a fully diluted valuation of $150M. Total BOSON token supply: 200M. Initial circulating supply: 15.7M BOSON. Private sale details TBA.

​​Marlin Protocol has launched its staking as of today. Users can now choose the staking provider and delegate their POND or MPond. Rewards are distributed once per day with no minimum staking amount.